REX HOSPITAL INC (EIN 561509260) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Phone

9197843100

Tax Period

2024-07-01 to 2025-06-30

REX HOSPITAL INC, founded in 1986, is a large national nonprofit in the Health Care sector that reported $1.9B in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.8B left a modest 6% surplus.

Mission

To improve the health and well-being of North Carolinians and others whom we serve. We accomplish this by providing leadership and excellence in the interrelated areas of patient care, education, and research.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $879,564

Program Service Revenue $1,911,399,415

Investment Income $2,051,611

Other Revenue $2,167,693

TOTAL REVENUE $1,916,498,283

Expense Breakdown

Grants Paid $9,880

Salaries & Benefits $761,509,016

Fundraising Expenses $0

Program Expenses $1,511,266,070

Other Expenses $1,034,345,625

TOTAL EXPENSES $1,795,864,521

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,916,498,283	$1,733,107,391	+0.1%
Expenses	$1,795,864,521	$1,722,487,808	+0.0%
Net Income	$120,633,762	$10,619,583	+10.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

6868

Volunteers

340

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$6,883,263

Total Directors

$8,823,064

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ann Collins MD	Director/Chairman	4.0	Officer Director	$0	$0	$0
Catharine Arrowood	Director/Vice Chairman	4.0	Officer Director	$0	$0	$0
Kirsten Riggs	Director/COO	60.0	Officer Director	$753,680	$87,198	$840,878
M Chad Setliff	Director/President	60.0	Officer Director	$463,771	$31,803	$495,574
A Wesley Burks MD	Director	2.0	Director	$0	$820,925	$3,939,666
Caryn McNeill	Director	2.0	Director	$0	$0	$0
Courtney Crowder	Director	2.0	Director	$0	$0	$0
David Mills	Director	2.0	Director	$0	$0	$0
Dayatra Matthews	Director	2.0	Director	$0	$0	$0
Jason Sandner	Director	2.0	Director	$0	$0	$0
Jeff Lindsay	Director	2.0	Director	$0	$351,426	$2,935,019
Kevin Anderson	Director	2.0	Director	$0	$0	$0
Marilyn Pearson MD	Director	2.0	Director	$0	$0	$0
Melissa Fitzpatrick	Director	2.0	Director	$0	$0	$0
Rig Patel MD	Director	60.0	Director	$577,498	$34,429	$611,927
Robert Oakes	Director	2.0	Director	$0	$0	$0
Benjamin Mathew	VP/CFO & Treasurer	60.0	Officer	$551,975	$132,627	$684,602
Chad Anderson	VP/Clinical Operations	60.0	Officer	$355,627	$81,245	$436,872
Diana Massa	VP/Clinical Operations	60.0	Officer	$379,053	$54,323	$433,376
Lorie Rhine	VP/Patient Care Services & CNO	60.0	Officer	$316,729	$54,164	$370,893
Maire CorCoran Ragozzine	VP/General Counsel & Secretary	30.0	Officer	$0	$124,316	$476,477
Matthew Evans	Asst Treasurer & Asst Secretary	60.0	Officer	$173,314	$26,849	$200,163
Meera Udayakumar MD	VP/Medical Affairs & CMO	60.0	Officer	$569,963	$129,883	$699,846
Megan Lumley	VP	60.0	Officer	$293,354	$37,458	$330,812
Meghan Hooley	Asst Treasurer & Asst Secretary	60.0	Officer	$85,797	$15,553	$101,350
Roy Tempke	VP/Care Transitions	60.0	Officer	$397,210	$92,610	$489,820
Susan Moore MD	VP/UNC Rex Physicians	60.0	Officer	$792,886	$115,558	$908,444
Timothy Hester	VP/Physician Services	60.0	Officer	$354,854	$59,302	$414,156
Dwijesh Patel MD	Physician	60.0	Highest	$1,928,895	$39,622	$1,968,517
Joseph Bumgarner MD	Physician	60.0	Highest	$2,021,781	$32,480	$2,054,261
Mateen Akhtar MD	Physician	60.0	Highest	$2,043,158	$67,132	$2,110,290
Mohammed Farooqui MD	Physician	60.0	Highest	$1,984,842	$12,232	$1,997,074
Waheed Akhtar MD	Physician	60.0	Highest	$1,786,537	$60,801	$1,847,338
Ernest Bovio Jr	Former President	0.0		$119,270	$5,300	$124,570
Tate Bombard	VP/General Counsel & Secretary	0.0		$0	$128,674	$544,332

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$1,916,498,283	$1,795,864,521	$1,975,332,606	$120,633,762
2024	$1,733,107,391	$1,722,487,808	$1,830,481,772	$10,619,583
2023	$1,623,067,183	$1,623,015,427	$1,816,056,463	$51,756
2022	$1,491,892,041	$1,461,761,703	$1,799,963,409	$30,130,338
2021	$1,331,770,076	$1,328,672,174	$1,727,377,750	$3,097,902
2020	$1,237,265,028	$1,254,241,329	$1,590,769,743	$-16,976,301
2019	$1,388,381,272	$1,172,899,779	$1,268,499,027	$215,481,493
2018	$1,148,341,423	$1,108,784,467	$1,054,404,277	$39,556,956

REX HOSPITAL INC